MoU signing between DMCC and CGJE
The Dubai Multi Commodities Centre (DMCC), Dubai’s authority on trade, enterprise and commodities, has partnered with the China Gems and Jade Exchange (CGJE) in a bid to boost bilateral trade in the gemstone and jade sector.
The Memorandum of Understanding (MoU) signed by representatives from both parties aims to create new trading opportunities between the UAE and China by connecting buyers and sellers of gemstones and jade from the two countries. Additionally, the collaboration will see both parties promote ethical and responsible business practices to their members, DMCC said.
Feryal Ahmadi, COO of DMCC, commented, “This agreement is set to boost our existing and strong economic ties with the Chinese business community. It also forms an integral part of DMCC’s strategy to attract, facilitate and drive new trade flows through Dubai.”
CGJE is a national gem and jade trading platform approved by the State Council of China.
China is one of DMCC’s target markets and as such, the Free Zone offers a Chinese language service. DMCC has also signed a number of MoUs with Chinese entities including the China Council for the Promotion of International Trade. In addition, DMCC has conducted several roadshows to China as part of its Made for Trade Live international programme.